In 2022, According to the National Center of Biotechnology Information (NCBI), in India, 30% of Women, who Enter the Post-Menopause Phase, Suffer from Osteoporosis

Osteoporosis is a disease of bone that progresses due to less bone mineral density and bone mass or due to some variation in the quality or structure of bone. Osteoporosis could increase the risk of fractures leading to broken bones due to decreased bone strength. It is more observed in women as compared to men. The post-menstrual women often get bone fractures due to osteoporosis, as the disease is silent and typically shows no symptoms. Mostly older people are more prone to osteoporosis. Osteoarthritis is a joint disease or an inflammation of the joints and surrounding tissues.        

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The Global Orthopedic Implants (Including Dental Implants) Market is expected to reach USD 1,11,328.94 million by 2030 from USD 40,530.00 million in 2022, growing at a lucrative CAGR of 13.7% in the forecast period of 2023 to 2030. The increasing prevalence of orthopedic injuries or diseases such as arthritis and osteoarthritis and rapid growth in the elderly population prone to orthopedic diseases are some of the factors driving the growth of the market. However, the high cost associated with the use of advanced technologies in orthopedic treatment is one of the major restraining factors for the market. As a result, market growth may be hampered in the long run.                

Rising prevalence of musculoskeletal conditions leading to increased adoption of orthopedic implants across the world will drive the market's growth rate

With this increasing age and rising prevalence of chronic diseases, including musculoskeletal conditions, the demand for early diagnosis is also increasing. The exceptional aging of the world population is expected to boost the need for orthopedic implants and showcase their current limitations to a greater extent due to the medical complexity of elderly patients and the longer indwelling times of the implanted materials. Therefore, the rise in the geriatric population is expected to drive the growth of the global orthopedic implants (including dental implants) market.

Report Scope and Market Segmentation

Segment Analysis:

The global orthopedic implants (including dental implants) market is categorized into six notable segments based on product type, biomaterials, procedure, fixation type, end user, and distribution channel.

• On the basis of product type, the global orthopedic implants (including dental implants) market is segmented into reconstructive joint replacements, spinal implants, motion preservation devices/ non-fusion devices, dental implants, trauma implants, orthobiologics, and others. In 2023, the reconstructive joint replacement segment is expected to dominate the global orthopedic implants (including dental implants) market and is expected to reach USD 58,878.33 million by 2030 due to the rise in orthopedic problems all over the world.
• On the basis of biomaterial, the global orthopedic implants (including dental implants) market is segmented into metallic biomaterials, ceramic biomaterials, polymer biomaterials, natural biomaterials, and others. In 2023, metallic biomaterials segment is expected to dominate the global orthopedic implants (including dental implants) market and is expected to reach USD 62,446.17 million by 2030 due to increased technological advancement in orthopedic surgical procedures.
• On the basis of procedures, the global orthopedic implants (including dental implants) market is segmented into open surgery and minimally invasive surgery (MIS). In 2023, open surgery is expected to dominate the market and is expected to reach USD 68,919.09 million by 2030 due to high technological advancement and growing market players.
• On the basis of fixation type, the global orthopedic implants (including dental implants) market is segmented into cement orthopedic implants, cementless orthopedic implants, and hybrid orthopedic implants. In 2023, the cement orthopedic implants segment is expected to dominate the global orthopedic implants (including dental implants) market and is expected to reach USD 62,786.36 million by 2030 due to increased strategic collaboration between key market players.
• On the basis of end user, the global orthopedic implants (including dental implants) market is segmented into hospitals, clinics, ambulatory care center, home care settings, academic and research institutes, and others. In 2023, the hospitals segment is expected to dominate the market and is expected to reach USD 46,482.67 million by 2030 due to government regulations and initiatives taken in the market.

The hospitals segment will dominate the end user segment of the orthopedic implants (including dental implants) market

The hospitals segment will emerge as the dominating segment end user segment.  This is because of the growing number of hospitals in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

• On the basis of distribution channel, the global orthopedic implants (including dental implants) market is segmented into direct tender, retail sales, and others. In 2023, the direct tender segment is expected to dominate the global orthopedic implants (including dental implants) market and is expected to reach USD 62,875.44 million by 2030 due to the production of orthopedic implants in the market.

The direct tender segment will dominate the distribution channel segment of the orthopedic implants (including dental implants) market

The direct tender segment will emerge as the dominating segment under distribution channel. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the healthcare industry all around the globe will further bolster the growth of this segment.

Major Players         

Data Bridge Market Research recognizes the following companies as the market players in market: CONMED Corporation (U.S.), Wright Medical Group N.V. (U.S.), Stryker (U.S.), Medtronic (Ireland), Smith+Nephew (U.K.), Zimmer Biomet (U.S.), Integra LifeSciences (U.S.), B. Braun Melsungen AG (Germany), Arthrex (US), Baxter (U.S.), Medical Device Business Services, Inc. (U.S.), Globus Medical (U.S.), DJO, LLC (U.S.), NuVasive, Inc. (U.S.), Orthopedic Implant Co. (U.S.), Aesculap Inc. (U.S.), Flexicare Medical Limited (U.K.), BioTek Instruments, Inc. (U.S.), Narang Medical Limited (India), Auxein Medical (India), Uteshiya Medicare (India).

Market Development

• In March 2022, Zimmer Biomet launched the WalkAI artificial intelligence model smart knee implant. The smart knee implant in the orthopedics portfolio to assess the improvement in patient recovery. The novel technological launch resulted in investment in research and development (R&D), increased product portfolio, and a rise in net sales
• In September 2021, Stryker launched the new tendon fixation device system. The tendon fixation device system belongs to the knee trauma and extremities product division. The tendon fixation device system consists of resorbable technology, known as Citregen, that possesses unique chemical and mechanical properties in orthopedic surgical applications. The launch of the new product stated the increase in the product range, followed by expansion of the product line across North America and Europe and delivered a rise in sales
• In October 2020, Medtronic launched its Adaptix Interbody System, the first navigated titanium implant with Titan nanoLOCK Surface Technology, in the U.S. market. This new product launched by the company has increased its credibility and demand in the market, leading to increased revenue from the region  

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

As per Data Bridge Market Research analysis:

North America is the dominant region in orthopedic implants (including dental implants) market during the forecast period 2023 to 2030

In 2023, North America is expected to dominate the global orthopedic implants (including dental implants) market due to the increasing investment in R&D and the presence of key market players in the largest consumer market with high GDP. U.S. is expected to grow due to rise in technological advancement in orthopedic implants (including dental implants) market.

Asia-Pacific is estimated to be the fastest growing region in orthopedic implants (including dental implants) market the forecast period 2023 to 2030

Asia-Pacific is projected to observe significant amount of growth during the forecast period in the market due to the increasing demand for orthopedic implants and ever-rising geriatric population base suffering from orthopedic disorders.

COVID-19 Impact

COVID-19 has had a significant impact on the orthopedic implants (including dental implants) market. During the pandemic, hospital admissions were limited to non-essential treatment clinics were temporarily closed. The implementation of social distancing, population blocking, and limited access to clinics has had a significant impact on the market. The slowing of patient flows and referrals also had an impact on market growth. However, due to the relaxation of previously imposed restrictions, the market will continue to grow in the post-pandemic period. Manufacturers are making a variety of strategic decisions in order to recover from COVID-19. The players are conducting multiple R&D activities, product launches, and strategic partnerships in order to improve the technology and test results involved in the orthopedic implants (including dental implants) market. 

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